| Popis: |
In 2010, the US Congress passed the historic Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The CFTC is more than 80 percent complete with Dodd-Frank Act swaps market reform rulewriting, and now the marketplace is increasingly shifting to implementation of common-sense rules of the road. Swaps market reform is about ensuring the vast derivatives marketplace serves the rest of the economy. In the aftermath of the 2008 global financial crisis, the G20 leaders agreed that it was time to bring transparency and oversight to the opaque swaps market. Since then, there has been significant global progress on reform. We continue to work in a coordinated way to implement the critical reforms agreed to in the aftermath of the global financial crisis. Regulators around the globe are making great progress, but we all must complete the task to bring transparency to these markets and protect the public. |
